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Joint tenancy or tenancy in common?
I'm purchasing a MF property with a co-worker. We have a 50-50 split, but the title company is asking whether we want co-ownership interest as joint tenancy or tenancy in common. Which one is better and why?
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Both have their pros and cons but for your situation, it sounds like you will be much better off forming an LLC with a 50-50 split, then putting the title of the property in the name of the LLC.